ADIDAS trade ideas
Long-term Investment #ADIDASSportswear manufacturer #ADIDAS dropped overall -47% after they had to close their local shops cause of Covid and got terrible expectations for Sales.
If we comparing the blue indicator (TEXTILES & APPARELS Index - TSE/TXA) in the chart we can see that we already reached the bottom of the crash (maybe). And the white indicator (Nike) give us a picture what stock growth we could expect.
I´m calculating with a fulfilling channel run, good risk/award ratio as a long-term investment.
Your Sincerely Christian S.
Adidas going upHi guys. As we can see the price is going up after touching the resistance line and the new target could possibly be 296.
If the stock beats this price (296) it will shoot up to 320 or more.
Besides it is quite above the moving average (60) so it indicates an upward trend.
Fibonacci retracements were also used showing that the price broke one of the lines.
Finally I can say that I have ambitious expectations about this stock.
ADIDAS WAITING FOR CALLSAdidas is one of the top 10 stocks in my shortlist. I don't know why but the chart is crazy bullish. And im expecting a parabolic move to the upside in 2020
I don't have any setups yet but waiting for the levels to watch for call options
I'll be sharing ideas in a couple of days/weeeks
RBS OVERLY BULLISH ON ADIDAS $305 PRICE TARGET UPGRADEAdidas price target raised to EUR305 at RBC Capital. RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain. Read more at: thefly.com
DESPITE A HUGE UPGRADE THIS IS NOT A POINT TO BE ENTERING THE STOCK, IT IS IN OVERBOUGHT CONDITIONS AND VULNERABLE TO A CONSIDERABLE PULLBACK, WHICH IS DUE AND NEEDED.
AVERAGE ANALYSTS PRICE TARGET $146
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 30
COMPANY PROFILE
RBC Capital analyst Piral Dadhania raised his price target on Adidas to EUR305 from EUR275 and kept his Outperform rating ahead of its Q2 results next month. The analyst says the company's second-half of FY19 revenue growth acceleration is well supported and FY19 guidance looks achievable, even though its share price strength and valuation may cap near-term gain.
Does ADIDAS have more bullish potential?We can see that the price has recently made a breakout above the previous resistance line, and went quite high up. As we believe that the stock has fundamentally even more potential we are waiting for a corrective move after that big bullish explosion, and are then expecting another bullish move.
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